Feb 11, 2013 4:00pm EST
opportunity to grow our advisory business. we saw that last year in an environment when mna activity was down 9% globally. our advisory fees were up approximately 30%. so we're taking market share in a skig cant way. >> and you're expecting dealing this year? >> i think we would expect, you know, you never know. would i put my money or own or under? i would put my money on over. >> all right. you're a betting man. ralph, good to have you on our program. ralph schlosstein. >>> again refusal to raise taxes as part of a deal to avoid automatic spending cuts. tom cole will speak with me about the brewing battle in the national's capitol. >>> a fury erupts after a company tells customers they're watering down its bourbon. stay with us. [ male announcer ] any technology not moving forward is moving backward. [ engine turns over, tires squeal ] and you'll find advanced safety technology like an available heads-up display on the 2013 lexus gs. there's no going back. >>> welcome back. less than three weeks until automatic budget cuts kick in which will trigger job losses and perhaps an economic setbac
Feb 13, 2013 4:00pm EST
? and the point i always try to make to them is particularly in this current environment is that if you are an owner of cash, not for the short term, if you've got a bill that you need to pay in three or four month, cash is the right place for you, but if you have your longer term money in cash, you're lose 2:00% to inflation every year. we've had a lost decade for cash already. you've lost 8% of purchasing power in the last ten years, and we're having to have another lost decade for cash going forward so time horizon is very important. >> i guess, i mean, one issue though would be am i going to be able to get into this market at lower levels, quint tetreault, so what's your feeling on that? yes, i mean, i get it that valuations are attractive. i get it that there are very few alternatives out there given where rates are, but are there still enough cat lifts that are going to be a problem that send this market lower and enable me to get into better prices? >> i think -- >> i think there is, maria. >> i'm sorry. >> sure. i think there is, maria. we've seen it. the last several years, we'